Actual revenues were 11 percent less than planned, as Belarus' many unprofitable enterprises were unable to yield enough taxes, Korbut said, adding that the number of companies operating at a loss increased by 9 percent over the last year.
By March of this year, 1,098 Belarusian enterprises - nearly half of all the companies functioning in the ex-Soviet republic - were unprofitable, according to the Statistics Ministry.
According to Korbut, even though Belarus managed to cut down its external debt by $48.7 million, the internal debt went up by 354 billion Belarus rubles ($225 million) by January 2002.
Analysts say Bealrus' economy has been hampered by lingering vestiges of the Soviet economic model.
Please enter your username and password.
2025 © The Baltic Times /Cookies Policy Privacy Policy
